Cable

daily

We are working above the cloud, the 2 sen crossed in uptrend, but they are not above the cloud.

The span is above the price and on the top of the cloud all seems in consolidation with a bullish bias.

We are working above the EMA 50 even EMA 200 > EMA 50

Main trend is bearish

MACD and RSI crossed to the upside.

We broke a huge channel(green) by the upside, with target

1.5374 - 1.3502 = 1 872

1.4272 + 1872 = 1.6144

It s theorical but 50% retracement from 1.8667 and 1.3501 at 1.6073

the area of the current bounce go bring the cable to 1.6073-1.6144.

On the fibo expansion from 1.3653 (11/3) to 1.4779 (24/3) and retraced 50% to 1.4108(30/03)

and as we closed above the former top at 4779 the taget are

100% 1.5231

1.618 1.5933 close to the EMA 200 and 50% retracement are from the movement from 1.8667 and 1.3501

Weekly

Market bounced and seems to made a rebound , but all the ichimoku are indicating bear trend

EMA50, EMA 200 are showing downtrend too, RSI is showing bullish divergence, and ADX is showing the end of the downtrend. so we are probably in consolidation.

Mthly

As weekly it s bearish, but look at the japanese candlestick pattern, it s bullish and we had several doji over the last 3 months, short term could reverse to retrace, RSI is going to go out from oversold territory.